As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan.
If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks.
Source: www.simplifyingthemarket.com/en/2022/02/25/the-difference-between-renting-and-owning-infographic/